A year ago: Mitsubishi shows lack of Shogun skill

Not so fab as it seemed

There's a bit of a glitch on the Japanese front but Mitsubishi is glitchier than most, we would suspect. Last week it closed down its facility in Durham (not County Durham, dear readers) and 200 people got axed there. According to a carefully pre-released statement, that was because of a decline in the semiconductor market. Decline? What decline? It's been evident for a little while that while companies like Mitsubishi are a little bit in trouble, the US manufacturers are wafering in the facilities. So, is this the trade war to end all trade wars? We think not, here at The Register. Despite all rumours to the contrary, there's still all to play for in the semiconductor market (See the Semiconductor Industry Association's site for a breakdown). In fact, best predictions are that the market is growing like billy-o, so it would only be fools that rushed in where angels feared to tread. Nevertheless, analysts could perhaps ask whether Mitsubishi's stake in Apricot was a wise move a few years back and also whether it was a terribly good thing for Fujitsu to buy ICL, notwithstanding the effect Fin-Fin has had on the market. ®

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